The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here

29.05.2014 - The British pound continued its decline

The price of GBP/USD sharply declined yesterday in connection with the negative data on retail sales index which fell to 16 against an expected growth to 36. Also, the number bids for purchase decreased due to the refusal of Pfizer to buy the British pharmaceutical corporation AstraZeneca for 120 billion USD. At the moment the price is consolidating above the strong support at 1.6700. Another signal to sell will be fixing the price below this level. Within the price correction may rise to 1.6770. We expect further reduction of the pound, but keep a long-term positive outlook.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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